3 ms·
The s&p 500 is a strategy. Like all strategies of attempting to predict the future based on the past, it's success ends one day. Something fundamental changes a
by friend_and_foe 3y ago
The s&p 500 is a strategy. Like all strategies of attempting to predict the future based on the past, it's success ends one day. Something fundamental changes and humans don't adapt, we keep doing what worked until failure is staring us in the face.
Not that it has failed. The goal is not to give the highest returns available, but the highest risk adjusted return with symmetrical information, and that is precisely what it does.